ANALYSIS: AUDUSD REMAINS RANGE BOUND
AUDUSD remains range bound this week as the currency pair gets pulled back and forth between good Chinese date and poor USD data to poor
Chinese data. The market needs some form of a catalyst to attract investors attention and with the Chinese economic slowdown hovering
like a dark cloud over the AUDUSD it could be difficult to see signs of significant change here. The big mover will be the AUD data if we
can see any upside to employment or housing prices the decision to cut rates will fade leading to the rise in prices.
Chinese data. The market needs some form of a catalyst to attract investors attention and with the Chinese economic slowdown hovering
like a dark cloud over the AUDUSD it could be difficult to see signs of significant change here. The big mover will be the AUD data if we
can see any upside to employment or housing prices the decision to cut rates will fade leading to the rise in prices.
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